United Capital Management of KS Inc. Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

United Capital Management of KS Inc. lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,362 shares of the electric vehicle producer’s stock after acquiring an additional 302 shares during the period. Tesla accounts for about 4.7% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 4th largest position. United Capital Management of KS Inc.’s holdings in Tesla were worth $25,588,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Associated Banc Corp increased its position in Tesla by 14.2% in the 4th quarter. Associated Banc Corp now owns 3,624 shares of the electric vehicle producer’s stock worth $1,464,000 after buying an additional 451 shares during the period. HMV Wealth Advisors LLC bought a new position in Tesla in the 4th quarter worth approximately $282,000. Capital Management Associates NY increased its position in Tesla by 14,185.7% in the 4th quarter. Capital Management Associates NY now owns 4,000 shares of the electric vehicle producer’s stock worth $1,615,000 after buying an additional 3,972 shares during the period. First National Trust Co increased its position in Tesla by 29.2% in the 4th quarter. First National Trust Co now owns 44,873 shares of the electric vehicle producer’s stock worth $18,122,000 after buying an additional 10,147 shares during the period. Finally, Midwest Professional Planners LTD. increased its position in Tesla by 57.6% in the 4th quarter. Midwest Professional Planners LTD. now owns 4,977 shares of the electric vehicle producer’s stock worth $2,010,000 after buying an additional 1,819 shares during the period. 66.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now directly owns 477,011 shares of the company’s stock, valued at $114,859,478.69. This represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $411.63, for a total value of $41,163,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 477,228 shares of company stock worth $166,849,043 over the last ninety days. 20.70% of the stock is currently owned by corporate insiders.

Tesla Stock Up 3.9 %

Shares of Tesla stock opened at $249.98 on Friday. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The business has a 50-day moving average of $351.31 and a two-hundred day moving average of $318.74. The company has a market capitalization of $804.06 billion, a P/E ratio of 122.54, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. As a group, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on TSLA. Guggenheim dropped their price target on Tesla from $175.00 to $170.00 and set a “sell” rating on the stock in a research report on Wednesday. Cantor Fitzgerald restated a “neutral” rating and set a $365.00 price objective on shares of Tesla in a research report on Wednesday, January 29th. Wedbush restated an “outperform” rating and set a $550.00 price objective on shares of Tesla in a research report on Friday, March 7th. Royal Bank of Canada restated a “mixed” rating on shares of Tesla in a research report on Saturday, February 8th. Finally, TD Cowen upgraded Tesla from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Nine equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $325.65.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.